Yesterday was a good bullish session for the American indices. NASDAQ 100 was the strongest one, it finished the day high above the R2 resistance level. Today, all three of them are rising even more. From the data front, the services PMI markit composite PMI, manufacturing PMI – all in May, and existing home sales in April will be published. Anyway, let’s start the analysis, S&P 500 first:

S&P 500

Yesterday was a great bullish session. The S&P 500 finished the day above 4150, slightly below the R2 resistance level. Today, it is rising even more. If the buyers continue generating firm demand, the price might even reach 4190 today. But if the bears counterattack, the price could drop to the Pivot Point.

SP 500 - 21.05.2021

NASDAQ 100

NASDAQ 100 was even stronger yesterday. The price finished the session high above the R2 resistance level. Today, it is rising even more. If the buyers continue generating firm demand, the price might go up above 13600 today. But if the bears counterattack, the price could drop to the Pivot Point.

NASDAQ 100 - 21.05.2021

Dow Jones Industrial Average

The DJIA index was a bit weaker than the other two yesterday. That said, the price rose above 34000 and finished the session a little below the R1 resistance level. Today, it is rising even more. If the buyers continue generating firm demand, the price might rise above today’s R1. But if the bears counterattack, the price could drop below the Pivot Point today.

Dow Jones Industrial Average - 21.05.2021